PUBLISHER: The Business Research Company | PRODUCT CODE: 1653244
PUBLISHER: The Business Research Company | PRODUCT CODE: 1653244
Polymethyl methacrylate (PMMA) serves as a substitute for glass in products like illuminated signs, skylights, shatterproof windows, and aircraft canopies. This synthetic polymer hardens at room temperature, possessing low strength and low toxicity. PMMA is extensively utilized across various industries, including automotive, electronics, construction, signs and displays, and sanitary ware.
The primary forms of polymethyl methacrylate include extruded sheet, cast acrylic sheet, pellets, and beads. Extruded sheets are transparent materials with resistance to ultraviolet radiation and weathering. Their cutting, molding, drilling, and forming properties make them suitable for applications such as airplane windshields, skylights, automobile taillights, and outdoor signs. Polymethyl methacrylate comes in various grades, such as general-purpose and optical grades. These are employed by end users in sectors such as buildings and construction, electrical and electronics, automotive and transportation, signs and displays, and others, including medical and furniture.
The polymethyl methacrylate research report is one of a series of new reports from The Business Research Company that provides polymethyl methacrylate statistics, including polymethyl methacrylate industry global market size, regional shares, competitors with polymethyl methacrylate market shares, detailed polymethyl methacrylate market segments, polymethyl methacrylate market trends and opportunities, and any further data you may need to thrive in the polymethyl methacrylate industry. This polymethyl methacrylate research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The polymethyl methacrylate market size has grown rapidly in recent years. It will grow from $6.15 billion in 2024 to $6.78 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to growth in the construction and architectural industries, demand for transparent and lightweight materials, expansion of automotive and transportation applications, development of uv-resistant and weatherable resins, regulatory standards for material safety.
The polymethyl methacrylate market size is expected to see strong growth in the next few years. It will grow to $9.59 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to sustainable and eco-friendly acrylic resin formulations, customized acrylic solutions for specific applications, growth in electric vehicle and ev battery applications, expansion in led and optical devices, increased use in medical implants and prosthetics. Major trends in the forecast period include bio-based and biodegradable acrylic resins, regulatory compliance in acrylic material safety, nanocomposite and high-impact acrylic materials, smart and self-cleaning acrylic surfaces, collaboration between acrylic and material science.
The rising demand for polymethyl methacrylate (PMMA) in the electronics and automotive sectors is driving the growth of the PMMA market. PMMA can be synthesized through the polymerization of the methyl methacrylate monomer. Its scratch-resistant and transparent properties make it a suitable alternative to glass in various industrial applications. Being a lightweight material with a density half that of glass, PMMA is utilized in car windows, motorcycle windshields, and both interior and exterior panels. It is also employed in LCD/LED TV screens, laptops, smartphone displays, and other electronic equipment. Given its characteristics, PMMA is increasingly adopted in the automotive and electronics industries. For example, in February 2022, Deloitte Touche Tohmatsu Limited, a UK-based professional services network, forecasted that in 2022, smartphones, computers, and TV sets would see growth rates of 3-4%. However, it was also predicted that the average selling prices of smartphones could drop by over 15%, potentially leading to a decrease in overall dollar value. Therefore, the increasing demand from the electronics and automotive industries is fueling the growth of the polymethyl methacrylate market.
An expansion in the automotive industry is anticipated to drive the growth of the polymethyl methacrylate (PMMA) market. The automotive sector encompasses businesses engaged in the manufacturing, distribution, retail, and maintenance of automobiles. The automotive industry utilizes polymethyl methacrylate due to its strength, durability, and lightweight nature. PMMA is a valuable material for this sector because of its unique properties and versatility. It is applied in various uses, including glazing, interior and exterior components, and lighting. For example, in 2023, the Organisation Internationale des Constructeurs d'Automobiles (OICA), a France-based global association of automobile manufacturers, reported that the global automotive industry saw significant growth in 2022, with total vehicle production reaching 84.83 million units-an increase from 80 million units in 2021. This 6% year-over-year growth highlights the industry's resilience and its capability to recover in challenging economic environments. Therefore, the expansion of the automotive industry is propelling the growth of the polymethyl methacrylate market.
Major companies in the polymethyl methacrylate market are concentrating on developing innovative products, such as phosphate methacrylate, to boost durability and enhance fire resistance across various applications. Phosphate methacrylate is a compound that integrates phosphate groups with methacrylate, and it is frequently utilized in dental and industrial settings. This compound improves adhesion and durability in dental cements and adhesives. For example, in January 2024, Evonik Industries, a Germany-based chemical company, introduced VISIOMER HEMA-P 100 to enhance adhesion and the performance of coatings and adhesives. This high-performance phosphate methacrylate monomer offers transparent flame retardancy and improves adhesion for polar substrates while also enhancing corrosion resistance. Its non-migratory characteristics ensure lasting effects, making it suitable for a range of coatings and adhesive applications.
In January 2022, Trinseo, a US-based materials company offering solutions across various industries, including consumer goods, building and construction, medical, and mobility, acquired Heathland B.V. for an undisclosed amount. This acquisition aims to enhance Trinseo's recycling capabilities, support initiatives for a circular economy, and advance its sustainability objectives by converting plastic waste into high-quality recycled materials. Heathland B.V., a Netherlands-based services company, specializes in manufacturing high-quality polymer products, including those derived from polymethyl methacrylate (PMMA).
Major companies operating in the polymethyl methacrylate market include Arkema SA, Mitsubishi Rayon Co. Ltd., Sumitomo Chemical Co. Ltd., CHI MEI Corporation, Evonik Industries AG, Kolon Industries Inc., Polycasa N.V., Saudi Arabia Basic Industries Corporation, Asahi Kasei Corporation, Gehr Plastics Inc., Kuraray Group, Dow Inc., LG Chem Ltd., Makevale Group, Rohm GmbH, Trinseo S.A., Toray Industries Inc., Plaskolite LLC, Altuglas International, Spartech LLC, Perspex International, Shanghai Jingqi Polymer Science Co. Ltd., Jumei Chemical Co. Ltd., Zhejiang Unipolymer Material Co. Ltd., Guangzhou Jufeng Plastics Co. Ltd., Suzhou Omay Optical Materials Co. Ltd., Jiangsu Juhua Polymer Co. Ltd., Shandong Dongyue Polymer Material Co. Ltd., Shandong Allplace Environmental Protection Technology Co. Ltd.
Asia-Pacific was the largest region in the polymethyl methacrylate market in 2024 and is also expected to be the fastest-growing region in the forecast period. The regions covered in the polymethyl methacrylate market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the polymethyl methacrylate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The polymethyl methacrylate market consists of sales of cast acrylic sheet including solid surface, cell cast and composite. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Polymethyl Methacrylate Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polymethyl methacrylate market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polymethyl methacrylate ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polymethyl methacrylate market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.